PDS Ltd Subsidiary Faces Misconduct Allegations; ₹20.15 Cr Involved

PDS Ltd has disclosed an incident of professional misconduct involving a former employee of its Hong Kong-based step-down subsidiary, Poeticgem International Limited. Legal actions have been initiated in Bangladesh, and PDS Ltd filed a complaint with the Economic Offences Wing (EOW), Mumbai, on January 10, 2026, leading to an FIR registered on April 18, 2026. Preliminary reviews suggest potential irregularities related to historical transactions over four years, starting August 2021, with an estimated value of approximately ₹20.15 Cr. The company states this is a preliminary estimate and does not represent a confirmed accounting loss or an incremental financial exposure at this stage. The investigation is ongoing.